LTC will kick-off the rise of the Altcoins...and BTC!LTC (and EOS) kick-started the bull-market in February, where Bitcoin did it in April. EOS has started its rise now, LTC will soon follow!
LTC-BTC
BTC to LTC ratio and BTC dominance in reversalIn my previous idea below, I postulated that a similar fractals is being repeated right now to that around BTC ATH 2018.Currently the RSI of the ratio broke down from an ascending triangle, as it did before around the 2018 ATH which resulted in the BTC to LTC ratio plummeting.
If the BTC/LTC ratio fractal plays out like before, LTC price will rise while BTC will lag behind it, making LTC a better investment opportunity. Consider the scenario where the ratio drops to 44 and LTC price rises to $300, BTC price will only reach 13.2k. This scenario is what I currently believe will happen by the end of the year. It may also be possible that LTC reaches $500 in December, making BTC surpass ATH 2018.
LTC long entry, waiting for support confirmationUpdate of my LTC chart
Waiting to see if we drop below support, looking for long below 0.005200 with 0.003140 and 0.001300 to average
BTC to LTC ratio, the hidden messageThe fractal from around BTC's ATH in the BTC/LTC ratio is repeating right now, almost exactly. We are near reaching the maximum of the ratio and will drop dramatically if the fractal repeats completely. The implication is a spike in LTC's price, past September.
LTC - LongWill we see here another bounce to the north? Or a price discovery? Who knows?
The weekly has formed a candle (weekly not closed yet)
LTC has already bounced 2 times from this demand/support zone. Will it bounce again?
LTC: Get ready for the halving spikeThe halving spike historically has happened either roughly 30 days before or 30 days after the halving event. Many consider the recent run-up to $144 as being the halving spike. This is far from the truth, the recent run up was due to BTC's astronomical rise. Halving price spike has not been factored in yet.
Where is the proof? The fractal shows an upcoming spike, bullish divergence on the RSI and bottoming of the RSI and the fact that we are at the bottom of an upward channel. Current price action in a falling wedge.
SHORT LTCBTC set to drop to 7100 mBTCIt fell out of a rising wedge and RSI approaching support which most likely it will break, unless it bounces off the RSI support. LTCBTC will also drop under the ichimoku cloud which is bearish and might test the support of the downward blue line. Unless it bounces at the bottom of the cloud.
A drop in LTCBTC usually means a rise in BTC .
BTC/LTC ratio double top, LTC will outperform BTC till DecemberToday the BTC/LTC ratio double topped and is dropping. LTCUSD and LTCBTC both are pumping. There has been three occasions since the inception of LTC that LTC outperformed BTC and was a better investment. First was after BTC's 2018 ATH, it lasted 113 days, with the ratio bottoming out at 55. Second was during BTC bear market when LTC rose gradually until after April 1st BTC's pump. That second period lasted 115 days and bottomed again at 55.
Now apparently we are entering a third period of LTC renaissance. If it follows the course of other periods will last 114 days approximately into December.
I find it uncanny the resemblance of the current LTC/BTC pattern to that at the 2018 BTC ATH, as can be seen with the purple fractal.
Regardless of resemblance of patterns, every time the ratio reach 141 it drops to 55. And a double top reinforces this change in direction.
It is arguably a good idea now to switch one's BTCs to LTCs, and take advantage of LTC's performance.
LTC TO 65 BEFORE TURN?Looks like 618 region on the FIB for LTC is in reach. Possible drop down to that zone is likely. With a possible turn at that region, or lower. Be careful longing this just yet. Wait to see if it hits that level.
LTCU19 Litcoin is forming a bullish pattern!
Join us now: t.me
Good Morning Traders!
Litecoin LTCU19 is forming an ascending triangle.
We saw this bullish pattern over and over during the run to $13.900 for Bitcoin.
Now we are seeing it on Litecoin.
Our Target is 0.012 for LTCU19
Excellent Risk:Reward.
Follow our trade on Bitmex by clicking this link: www.bitmex.com
If you found this post helpful, like, comment, and subscribe!
Telegram Signals
t.me
Twitter
twitter.com
LTCBTC and the Lord's Plan!These are the basic zones to know the path of the Litecon to Bitcoin pairing Ltc/Btc.
LTC 4hr DOUBLE BOTTOMif this candle holds on the 4hr looks like were playing a double bottom dating back to June 4th.
hoping that this can propel us to a higher high.
LTCBTC needs to bounce hereLooks like we are at a key point for LTCBTC with this higher low pattern from March '17 which was validated in December '18. Would be great to see a bounce here and have a new up-trend continuation start.
Ltc long setupHigh volume buying at strong demand zone allowed price to reclaim the important level around 0.0113sat, at the moment consolidating above
Target under the strong area of supply, stop under support or manully close in case of weakness
A good and simple trade to take on LTC/BTC. Hi all,
I have been following this LTC/BTC coin for the past weeks. LTC has confirmed and found support on this trendline from the daily chart, and potentially looks like it will find support on the weekly chart as well.
